You may be tempted to hire a tax relief company to help you pay off your tax debt. These companies provide services to help people get rid of back taxes. Companies say they can eliminate tax debts and stop their tax collection. Some tax relief companies are legitimate, but consumer watchdogs warn that many tax relief services are a front for While results are never guaranteed, these companies can certainly help with complicated tax debt problems.
The guarantee has no time limit and promises to return your fees if the company doesn't make any changes to its IRS tax debt repayment schedule. Their 30-day money-back guarantee is also quite generous, since many, but not all, tax debt problems can be resolved within three to four weeks. With the company's long-standing track record, we recommend them as trusted intermediaries for Spanish speakers with tax debts. However, Victory Tax does handle common IRS tax debt relief options, such as commitment and installment agreements, but not relief for innocent spouses.
Most tax settlement firms promise to send their experts to the IRS to negotiate on behalf of the client, where they can presumably persuade the agency to accept a much smaller amount, often cents on the dollar. Fortress Tax Relief offers a unique approach by generating quotes based on the estimated time required. If filling out your tax returns is a relatively simple process, applying for any of the IRS tax debt relief programs could be considerably cheaper than paying for the services of a tax debt relief company. According to the IRS, transaction offers are only considered if you have reason to believe that the lowest amount is the maximum amount that can be collected “within a reasonable period of time,” making it one of the least commonly offered tax debt relief options.
But if you're among the millions who are indebted to the IRS, you may be able to get an additional benefit with the tax relief. The following guide to tax breaks includes explanations of the basic concepts you need to know, as well as information on the many tax relief programs that tax relief companies can help you apply for. Tax relief companies, on the other hand, focus on finding alternatives for managing any existing tax debt you may have with the IRS or local tax collection agencies. Precision Tax Relief has been in business since 1967 and offers convenient customer service options via phone, text message, email and live chat.
Tell the tax settlement firm, which steps in and leaves the concerned customer amazing messages that say their tax liability is miraculously reduced by hundreds or thousands of dollars. Any tax agent who doesn't ask a client why they owe money to the IRS is not carrying out all the due diligence process that would be required for a proper appeal.